ALANCO TECHNOLOGIES, INC. (OTCMKTS:ALAN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ALANCO TECHNOLOGIES, INC. (OTCMKTS:ALAN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of December 15, 2016, the Company’s Board of Directors elected Donald E. Anderson, Rebecca E. Anderson, and Steven P. Oman to the Board of Directors. In addition, the Board of Directors accepted the resignation of Harold S. Carpenter from the Company’s Board of Directors and the resignation of John A. Carlson as the Company’s President and Chief Executive Officer. Mr. Carlson will remain on the Company’s Board of Directors. Steven P. Oman was elected to serve as the interim President and Chief Executive Officer of the Company.

About ALANCO TECHNOLOGIES, INC. (OTCMKTS:ALAN)

Alanco Technologies, Inc. has two oil and gas assets in Western Colorado owned by Alanco Energy Services, Inc. (AES), a subsidiary of the Company. The first is the Deer Creek water treatment and disposal facility located in Whitewater, Colorado. AES has developed the Deer Creek site with approximately eight acres of evaporation ponds for the treatment and disposal of produced water generated by oil and gas producers in Western Colorado. The Deer Creek disposal facility has an annual evaporative capacity of approximately 300,000 barrels, excluding any evaporation methods. The second is an undeveloped 160-acre owned site, known as Indian Mesa, which is permitted for evaporation ponds and in the permitting process for waste disposal, including naturally occurring radioactive materials (NORM) and technically enhanced NORM (TENORM). Indian Mesa is located approximately three miles from the Deer Creek site. Alanco Behavioral Health, Inc. is a subsidiary of the Company.

ALANCO TECHNOLOGIES, INC. (OTCMKTS:ALAN) Recent Trading Information

ALANCO TECHNOLOGIES, INC. (OTCMKTS:ALAN) closed its last trading session down -0.001 at 0.105 with 40,000 shares trading hands.

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